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REGISTERED NUMBER: 03916980 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Metal Trading Uk Limited

Metal Trading Uk Limited (Registered number: 03916980)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Metal Trading Uk Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D Underwood





SECRETARY:





REGISTERED OFFICE: 12 Alyth Road
Talbot Woods
Bournemouth
Dorset
BH3 7DF





REGISTERED NUMBER: 03916980 (England and Wales)





ACCOUNTANTS: Martin Taylor and Co Ltd
33 Main Street
Tomintoul
Ballindalloch
AB37 9EX

Metal Trading Uk Limited (Registered number: 03916980)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes $    $    $    $   
FIXED ASSETS
Tangible assets 4 1,090 1,282

CURRENT ASSETS
Stocks 480,000 910,000
Debtors 5 398,016 755,056
Cash at bank 533,375 905
1,411,391 1,665,961
CREDITORS
Amounts falling due within one year 6 433,421 620,622
NET CURRENT ASSETS 977,970 1,045,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

979,060

1,046,621

CREDITORS
Amounts falling due after more than
one year

7

144,276

321,551
NET ASSETS 834,784 725,070

CAPITAL AND RESERVES
Called up share capital 161,856 161,856
Retained earnings 672,928 563,214
SHAREHOLDERS' FUNDS 834,784 725,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Metal Trading Uk Limited (Registered number: 03916980)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





D Underwood - Director


Metal Trading Uk Limited (Registered number: 03916980)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Metal Trading Uk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Metal Trading Uk Limited (Registered number: 03916980)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Reporting currency
The accounts are prepared in U.S. dollars which is normally the principal operating currency of
the company. The £/$ exchange rate ruling at the balance sheet date was 1.27303.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Machinery
and
equipment
$   
COST
At 1 January 2023
and 31 December 2023 6,019
DEPRECIATION
At 1 January 2023 4,737
Charge for year 192
At 31 December 2023 4,929
NET BOOK VALUE
At 31 December 2023 1,090
At 31 December 2022 1,282

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$    $   
Trade debtors 125,000 677,988
Other debtors 273,016 77,068
398,016 755,056

Metal Trading Uk Limited (Registered number: 03916980)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$    $   
Bank loans and overdrafts 101,842 144,698
Trade creditors 207,284 400,002
Taxation and social security 100,288 51,548
Other creditors 24,007 24,374
433,421 620,622

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
$    $   
Bank loans 144,276 321,551